Hyperliquid Custom Perpetual Markets Hit $500M Daily Volume

iconForklog
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

According to Forklog, decentralized exchange Hyperliquid launched custom perpetual markets as part of the HIP-3 upgrade. Platform data shows daily trading volume exceeded $500 million. The update introduced three segments: xyz, flx, and vnti, each targeting different asset classes and offering leveraged trading. XYZ100 led in volume with $316 million, followed by synthetic assets NVDA and GOOGL with $65 million and $42 million, respectively. The upgrade, launched in October, allows market creators to set parameters without protocol-level permissions. As of writing, Hyperliquid’s TVL stands at $4.3 billion, with November’s perpetual contract trading volume reaching $220.9 billion.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.